FOR THE
THE CHINA MAIL, FEBRUARY 15, 1987.
GOLD SHARES NEW
-PLAN
Holders & Preferred
Shares
to which
WARNING TO MINING INVESTORS
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
$50,000,000
Sterling ................. 6,500,000 Hong Kong Currency
Reserve
$10,000,000
Reserve Liability of Pro-
prietors
$20,000,000
HEAD OFFICE: HONG KONG. BOARD OF DIRECTOES Hon. Mr. J. J. Paterson..
- Chairmant G.. Miskin, Esq., Deputy Chalman.
A.EF Compson, Esq.,
J. R.Masso-Fac 5. S. Morrison, Esg- TE. Pearce, Esq., A.-L. Shiekis,
V. M. Grayburn, Esq., Chief Managet.
BRANCHES
Judge Ricardo Nepomuceno, commis-panies to sell shares are permissive sioner of Securities and Exchange Com-only and do not constitute a recommen-Authorised Cavital Af a special meeting of the board of mission, Manila, has issued a state-dation by the commission that invest issued and Fully-Paid-up.. 20,000,000 directors of Gold Shares Inc., Manila, ment to the press warning, investors to ments in such shares will be profitable Reserve Funds: the directors decided to offer, subject examine the records of mining com- and, secondly, that before deciding to to the approval of the stockholders, panies first before investing their mon-buy the shares of any corporation or and the Securities Commission in so far ey. He stated that the permits grant association, it will be advisable to in- as may be required by law, the right to ed the companies are permissive only spect the records of the commission buy at par (F10) one share of partici- and do not constitute a recommendation with respect to the securities of such
corporation or association. -pating convertible 8 per cent preferred
Fall Information stock for each share of common stock that investments will be profitable:
Judge Nepomuceno's statement foll
"These records will show them (1) held by stockholders as of record
who are the persons managing the. lows: February 15 This is in addition
Protection Of Public the 20-per-cent cash dividend
"The Securities and Exchange Com-business of the corporation or associa- the directors declared last week.
mission has so far granted 26 permitstion; (2) the engineer's report on the Popular Issue It is believed that this new stock authorising different corporations and mining properties of the corporation or
granted. bureau of mines on said properties; (4) Hoa. Mr. 3 H. Dodwell, issue will prove to be a very popular associations to sell shares or units. Be-association; (3) the comments of the . 5. Boatfield, Esq.
permits were one as the stock, being a preferred fore these
or association; (5) the issue, is entitled to the entire 8 per notices were published in different the expenses already incurred by the MT Johnson, Esqu cent dividend before the common newspapers of general circulation incorporation stockholders receive any dividends. order to inform the public (1) that amounts it pays to its officers; (6) the The participating feature of the pre- the corresponding applications (regis-promotion fees and the commission it have been filed pays to the promoters and agents; and ferred is especially noteworthy as pre-tration statements) ferred stockholders are entitled to re- with the Commission and (2) that the (7) other information which may help. ceive an additional 8 per cent annually, papers submitted by the applicants the investors in wisely deciding when and on what shares or units to invest or 16 per cent provided that in any were open to public inspection.
"However, notwithstanding the pub their money." calendar year holders of the common
to
commis- stock receive dividends equal
lication of these notices, the more than 50 per cent, per annum.
sion believes that a very large portion during 1936 common stockholders: re- ceived a total of 125 per cent. in cash of the public, particularly those per- dividends had there been such a pre- sans residing in the provinces, have ferred issue the stockholders would not read them. In view thereof and have received an extra 8 per cent. or a for the protection of the public, in general, and of the many thousands of total dividend of 16 per cent.
The stock will have a convertable; pilgrims now in Manila, in particular, feature which adds greatly to its at- the Commission desires to advise them, tractive qualities as holders of the pre-first, that the permits granted-to-com- ferred will have the option, after Jan- uary 10, 1940, to turn in these shares for common, and in the event that the common shares are quoted at a higher
ΟΙ As
-DEVELOPS CLAIMS
price as is now the cases this conver- Development and construction work sion feature might prove to be very on the property of the Itogon-Kalinga valuable.
Mining Syndicate Association has been The cash dividend and the warrants to subscribe to the new preferred issue in progress last month, according to will be mailed to stockholders on Amando B. Isip, managing trustee. the Sangilo Sawmill property of the February 25, according to present Trail connecting the Manga claim from plans.
firm has been completed. The officers' quarters, labourers' cottages, dynamite bodegas and storehouse have been con-i structed.
ROYAL DUTCH COMPANY
Payment Of Coupon Tax
Amsterdam, Yesterday. The Governing Board- of the Royal Dutch Company for the exploitation of petroleum fields in the Dutch East In- dies has issued a statement to the effect that the Company will pay th coupon tax on its forthcoming new four per cent gulden bonds out of its own account Trans-Ocean.
Mr. Isip said that they will start tunneling in the property early this month. Open cuts and drifting will also be made in the property and a pro- more systematic exploration gramme will be followed.
DEMONSTRATION
Production for the month of January amounted to P131,122:52, from 6,467 tons of ore milled, A. W. Ralston, pre- sident, announced in Manila. Benguet Exploration produced P27,936 from 13.786 tons. Mr. Ralston stated.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Royal Charter, 1858. HEAD OFFICE: LONDON
Paid-up Capital
Reserve Fund. Reserve Liability of Pro-
prietors
£3,000,000 £3,000,000
£3,000,000
Agencies and Branches:
Alor Star
Dailo
Bangoon
Ipoh
Saigon
Kazachi
Sacarang
Seremben
Shanghai...
Singapore Sitiawan
Bangkok
Blang- Robe Kuala Lumpur-
Kuching Madras
Manila
Colombo Delai Haiphong
New Paiping
Rods Fork
Hamburg
(Peking
Habin
Hankow
Fensag
Long trong
Tongkah
(Bhutet)
Tsingtao Fokonaine
Zamboanga
Foreign Exchange and General Banking business
transacted
·AMOT
BANGKOK BATAVIA BONBA CALCUTTA
CAN
LONDON
LYONS
MATACGA MANTIA
MUAR (Johore) MUNDEN NEW TORX FELPING PENANG
RANGOON
SAIGON
CELEFOO
COLOMBO
DAIREN
HOW
HONG
BURG
SAN FRANCISCO
HANKOW HARBIY HONGMEW
JOHORE KUBO
KOWLOON
KUALA LUMPUR
SHANGHAI
SINGAPORE SOUR
AWA
PATANI
SUNGE
SCENTSIN
TOKEO “TSINGTAO
YOKOHAMA
Current Account opened in Local Currency and Fixed Deposits' received for one year or shorter periods in Local Company and Sterling on terina which will be quoted on application.
ALSO up to date SAFE DEPOSIT BOXES in various sites TO LET
Hong Kong, 24th February, 1936.
HONG KONG SAVINGS BANK
The Business of the above Bank is conduétod by the HONG KONG AND SHANGHAI BANK- ING CORFORATION. Bales may be obtained
on application,
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Hong Kong, 24th February, 1836.
Current Accounts, opened and Fred Deposits THE YOKOHAMA SPECIE BANK
received for one year or shorter periods at rates which will be quoted on application.
and
The Bank Head 050s in London undertaken Executor
Trustee business, and claims: recovery of British Income Tax overpaid, on terms which may be ascertained, at any of its Agencies and Branches.
A
Hong Kong, là 1
Manager.
1935.
LIMITED
Established 1880
Capital (fally paid-up) Yen:100,000,000 Reserve Fund ....... Yen.130,900,000
Head Office: YOKOHAMA
Branches and Agencies at
THE BANK OF EAST ASIA, LTD.. Alexandria
Authorised – Capital
Paid-up Capital
Reserve and Undivided Prafte
Bangkok
$10,000,000,00 8,500.00
Batavia
Berlin
Bombay
Calcutta
Canton
Moji
Nagasaki
Nagoya New York Osaka
“PERSONAL FUNDS"
for your travels
You can change the money
you must carry with you on
your trip into
“Personal
Funds" spendable only by
you and protected against
loss
HEAD OFFICE HONG KONG. 10, Des Voeux Road, Central.
BOARD OF DIRECTORS
Eon. Sir Show-son Chow Chairman; Li Koon
Chan, Esq., P. K. Kok, „Bag- Wong Yun Chan Ching Shok, Esq., Li Lan Sang
Esq, Wong Cau Son, Eag, and Em Ying Lo, Esq.
Amay
Fan Tung Po; Esq., Chief Hanger. Li Tse Fong. Baq., Manager.
Betaris
BRANCHES AND AGENCIES
Bombay Nagamki
Dairen (Daïny)
Paris
Peiping
Fengtion (Mukden) Rangoon
Hamburg Hankow.
Harbin
Hong Kong
Honolulu.
Asiking
Karachi
Kobe
Manila
Melbourne
Calcutte
Fier York
Osaka
Singapore Scarabmys
London
Haiphong
Bankow Honolulu
Paris Paiping
Sxatow Sydney
Manfide
Tebang
Taiboku
Los Angeles
Kowloon Lori
Sviron
Bar Franc
Bio de Jeneiro
San Franciscò
Seattle
Semarang Shanghai
Singapore
Sourabaya
Sydney
Tientsin
*Tokyo
Tsingtan
Yingkow
AMERICAN EXPRESS TRAVELERS CHEQUES
If they are lost or stolen, a prompt refund is made. They are spendable at stores, hotels, on board steamers, in railway stations, in fact, almost anywhere where money circulates Your signature is the only identification required
THE AMERICAN EXPRESS CO., INC.
Incorporated with Limited Liability in U.S.A.
No. 4, Des Voeux Road, Central.
Every description of Banking and Exchang business transactad. Loans graded on approved -
securities
Current Accounts opened in Local Carreting and Fized Deposite" received for one yORE DE sharter periods in - Loosi-and-Bowsign-Currencies on termo" which will be quoted on: application.
Safe Deposit Botes "To Let
KAN TUNG POTM
Chief, Managi
THE WING ON BANK LTD.
Head Office: Hong Kong. 26, Des Voeux Road, Central Authorised Capital $10,000,000
LONDON BANKERS:- Westrainster Bank, Ltd. Foreign Exchange and every cription of banking business transact-
ed
* Current Accounts and Savings Ac- counts- "opened: Mixed Deposi ceived at rates which wil
on application.
Trusteeship & Esecutorsh
under-
Safe Deposit Boxer for hire. PHILIP GOCKCHIN, Chief Manager
Interest allowed for: Current Ae- counts.
Deposits received for fixed periods at rates to be obtained on applica- stions
Y: KANO,
* Manager Hong Kong, 13th November, 1986
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up-
Reserves
$5,000,000.-
7,500,000:
Capital Savings Dept. $50,000: Reserve Savings Dept $600,000. Head Office-Shanghai
A Bank having as its mission the indu
development on the fostering of her relations abroad.”
Commer Hons
ef's Road, Phone: 31116-